It is easy to feel like a genius in a bull-market!
Have you met some buddies recently and told them about your portfolio? Have you told them about how you have earned so much writing on Steem/Hive, or maybe told them how much the rest of your portfolio has grown in value in the last months? It is easy to boast in times like this one, and it is really tempting, and actually, very natural. After all, you get happy when your cryptos grow in value, and the most natural thing to do when you are happy is to share the reason with your friends and family.
And even so, it is easy to feel like a genius in this time! After all, your money has grown in value, and you were smart enough to purchase crypto while it was cheaper than it is today.
But, the brilliant minds will be acknowledged in the future!
I might feel brilliant and very smart today. And do you know what, I felt very smart back in 2016/2017 as well. But, little did that help me as the bears attacked and I had nothing to protect myself with. It took almost 3-4 years for the feeling to return. But, who will win this time? Will I be stronger and wiser than the bears and the bulls? Will I look back on this period in crypto and consider myself to have behaved wisely, or will I look back and think that I behaved in a stupid way?
There are several scenarios:
- I sell everything and the prices just keep on pumping... I got some nice profit, but nothing compared to what I would have enjoyed if I didn't sell.
- I don't sell a thing, and I will regret it for years as the bears attack once again and the prices are and levels way lower than they are today.
I really have no clue in which direction the markets will go, but I am trying to behave wisely. That is why I sell a % of my crypto as the prices increase. But, I will never sell it all, thus making sure that I will be happy if the prices increase further, but I will not regret selling anything at all if the prices should fall again.
Once again - we might all feel smart and like small geniuses right now, but time will tell us if we behaved truly wisely!
Funny enough the crypto market has the ability to make us feel wise at a time and also regret every action taken at another time.
That is for sure so :)
Seeing this post reminds me of my past in 2017. Truth be told when our portfolio is growing nicely we are always happy. Is a sail we don't want to end. We always thinks of it going up all them time, oops it doesn't works that way. A little thing can impact the market and it will flush down. As for me, what I love doing is to make sure I take profit so that I don't regret my actions when the unexpected happens.
Nice post buddy
Yeah... so great to take profit, but also hard when you have the feeling that everything is climbing! But, got to stick to the plan and got to keep our mind clean and cold!
I really love the bull run Era. It's really nice making cool profit 😂😂
It is really cool :) We just need to remember that profit is only real when we have sold our crypto and have stable coins or a real FIAT currency in our wallet(s)!
I think is a nice decision. :)
You have only made a profit only and only if you have sold your holdings to fiat. The crypto market bull can be very funny and when the bear comes, people still have the hope that the bull will come back immediately to market unknowing that the bull is dead.
Yeah, we need to learn that, profit is only when it is turned into fiat. However, CZ Binance, always says that he sees the real value of crypto, meaning that it looses value when it is turned to FIAT, because cryptos are the future, but I guess it is hard to feel and live like that in a world when you have to pay your bills with normal FIAT currencies all the time!
U very accurately described my thoughts and feelings on the matter I only just got over the impact the last 2 years of crypto winter had on my life so like you I'm slowly selling out as it goes up but it hurts when for instance you sell your doge holdings hours before musk's tweet
Never had any Dogecoin, but I can totally get the feeling those have who sold before the Musk tweets... must feel terrible!
just another day trading crypto...
For sure!